finogent

ADANIGREEN: BULLISH TREND HAS STARTED

Long
NSE:ADANIGREEN   ADANI GREEN ENERGY
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TECHNICAL ANALYSIS OF NSE: ADANIGREEN

The LAST CLOSE PRICE of NSE: ADANIGREEN is 1167.46. The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.5 at the FIBONACCI STOCK PRICE LEVEL of 1251.05. From here, the Key Support and Resistance levels are SUPPORT 1 at 1228.4, SUPPORT 2 at 1067.65 with RESISTANCE 1 and RESISTANCE 2 at 1275.6 and 1385.75 respectively. The Key 50% FIBONACCI LEVEL stands at 1128.4 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.

The STOC RSI has the values K and D as 16.62 and 11.59 respectively. At this level it the status is OVER SOLD. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 28.83 and SIGNAL at 35.18 along with HISTOGRAM showing values of -6.35, the STATUS is clearly DOWNWARDS.

The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 0.63 and 0.24 with SIGNAL as TREND CHANGED TO BUY. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.516 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.

No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 469.18 which signifies its Price Level to be TOO EXPENSIVE.



>>> RECOMMENDATION is : BUY (ABOVE 1200 PRICE LEVEL)."

THIS IS ALL FOR EDUCATIONAL PURPOSES. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADING POSITION.

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